Answer the following:
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Question: An inflationary gap occurs:
a. when the equilibrium level of GDP exceeds potential GDP
b. whenever there is an upward shift in the aggregate supply curve
c. whenever aggregate supply exceeds aggregate demand
d. during periods of high unemployment
The post Answer the following: Question: An inflationary gap occurs: when the equilibrium level of GDP exceeds potential GDP b. whenever there is an upward… appeared first on Academic Works Help.
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